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“The US-China trade war escalates: Beijing strikes back with 15% tariffs on American hydrocarbons”

The additional tariffs announced by Beijing will take effect on Monday, February 10

Newsroom February 4 08:03

The Chinese government announced today that it will soon impose additional tariffs of 15% on imported coal and liquefied natural gas (LNG) from the United States. These measures come as retaliation for Washington’s decision to apply an additional 10% tariff on all Chinese products imported into the US market without exception.

The newly announced tariffs from Beijing will take effect on Monday, February 10.

A 10% tariff will also be imposed on imported American oil, as well as various other product categories, according to China’s Ministry of Commerce.

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